Golden Gate Capital has agreed to sell portfolio company Phillips-Medisize, a provider of outsource design, development and manufacturing services for the medical industry, to Molex, a maker of electronic, electrical and fiber optic systems with over 40,000 employees in more than 40 countries. The deal is expected to close later this year. Golden Gate acquired Phillips-Medisize from Kohlberg & Company in 2014 for approximately $800 million.

In another big-money exit, Reuters reports Golden Gate is looking to make an approximately $1.5 billion sale of Clover Technologies Group, which recycles or resells electronic products and parts. Morgan Stanley is said to have come on to facilitate an auction of the company. Clover has served as Golden Gate's platform on several acquisitions since the firm acquired the company in 2010 alongside JP Capital Partners.